The opportunity: More wealth is held in real estate than in stocks and bonds combined – a total that includes 44 percent of all capital value in the U.S. and an estimated 50 percent of all individual wealth. This untapped potential for charitable giving is tremendous, both for charitable people and the causes they care about.
The challenge: Cost, complexity and liability involved with giving real estate restrict its use in philanthropy.
The solution: Top real estate professionals simplify the process of accepting, marketing and selling your real estate asset through the Charitable Real Estate Foundation of Greater Birmingham, a public charity affiliated with The Community Foundation of Greater Birmingham. These experts offer their volunteer services to streamline the process and make it less expensive, avoiding and risks and maximizing the value upon sale.
A volunteer board of leaders in the real estate field offers expertise to make the most of any gift of real estate. The board makes the choices about accepting and selling real estate to benefit The Community Foundation or any local charity.
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Quick answers to common questions. Call Erin Stephenson at 328-8641, ext. 230, for details.
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Major gift
A local donor saved capital gains and excise taxes by choosing the Charitable Real Estate Foundation for a gift of a 65-unit apartment complex in 2006. The result was a $1.5 million gift to charity, which he used to establish a Family Advised Fund at The Community Foundation. Contact us to find out more about giving real estate to support any local charity.
The opportunity: More wealth is held in real estate than in stocks and bonds combined – a total that includes 44 percent of all capital value in the U.S. and an estimated 50 percent of all individual wealth. This untapped potential for charitable giving is tremendous, both for charitable people and the causes they care about.
